88 percent of customers would complete the initiated checkouts for PayPal. It is called Paypal Hosted Solution, HHS. Textiles, Clothing, Leather, Watchmaking, Jewellery. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. Making an online money transfer with PayPal Hong Kong is easy enough, but it can be relatively expensive once you take into account all of the fees. But stay positive and make steps forward each day! The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Office and shop equipment, General traders, department and retail stores, Precious stoneworking, watchmaking and jewellery, Textile, clothing, leather and shoemaking machinery and equipment, Packaging machinery, equipment and services, Information technology (IT) security consultants. The name on the document you provided doesnt match the name on your PayPal account. Yet, the Hong Kong business owner was in mind when I wrote this. Where it all began! Im not a resident there though. and got this email: 10 hrs ago service@paypal.com.hk started the conversation. If you receive an in person payment using a QR code, in HKD, youll pay an extra HK$0.80. Check out AureliaPay now! Someone asked me and its true you dont see too clearly your own profile. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. They can only receive SMSs from an actual mobile. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) You may contact a Business Consultant in Paypal HK. PayPal is a nightmare, my best advise is to stay away from it. How do I send payments from the PayPal app? Crazy. We found no other way to bargain with Paypal. Consumer Advisory - PayPal Hong Kong SAR, China Limited is a licensed issuer of a stored value facility regulated by the Hong Kong SAR, China Monetary Authority under Licence NumBer: SVF0008. The reason you get this is it is a true merchant account. To get started, open, click, and follow the links in that same message. irate user about withdrawing USD. Another Option To Send Transfers Within Asia. like 3% ish total? Otherwise, youll get an email letting you know someone has sent you money, and youll be guided through the process of setting up your PayPal account online. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. For a phone number, try a Skype IN number for like 25 usd every 3 months and it can forward. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . Can anyone help me identify who these people are and why they are trying to take money from me monthly? Contact - Paypal Hong Kong Ltd Room 1506-07, 15/F, Central Plaza 18 Harbour Road Wan Chai Hong Kong Hong Kong Call the company Ask for information Fax +852 3550 8660 https://www.paypal.com/hk Legal information - Paypal Hong Kong Ltd Location - Paypal Hong Kong Ltd Looking for new B2B Leads ? For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. streetAddress: Suite 1506-7, Central Plaza 18 Harbour Road http://www.paypal.com Members Steven Chan Senior Director Michelle Chui Head of Government Relations, Hong Kong, Korea & Taiwan F T Tim Fu Country Manager, Hong Kong, Korea and Taiwan Zita Fung Senior Manager L C Claudia Lam L B Belinda Lee Team Lead (HK, S. Korea, Taiwan) L G Gordon Liu 1999-2023 PayPal, Inc. All rights reserved. But after several attempts of negotiation, we surrender. Wan Chai Hong Kong. This guide walks through how to use GCash from Hong Kong. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . Does anyone have any good solutions? Check it out! As we know, getting a bank account in Hong Kong has been troublesome. People need to have some local HK connections nowadays to best do it. Check that for the most up to date information on companies. Log in to your PayPal account. Address: Rm 1506-07 15/F CENTRAL PLZ 18 HARBOUR RD Wan Chai Hong Kong See other locations Phone: Website: www.paypal.com/hk Employees (this site): Modelled Employees (all sites): Modelled Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? However, there are fees for this service youll want to know about. any suggestions would be appreciated. utility bill, bank statement) within 3 months. By the way thanks for the Blog it makes me feel not alone. If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. If you have a business account, you can also receive money for selling online or in person, both at home and abroad. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? For applying Website Payments Pro Hosted Solution (HSS), you need to get in touch with a Paypal Hong Kong representative through the contact forms. We appreciate your patience and thank you for making PayPal the better choice for sending and receiving payments.Paypal Compliance. I am temping for a company based in UK for an ad-hoc job. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. basically do whatever possible to NOT use/ accept paypal. Explore PayPal for Business Speak to a Expert Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM * Request a callback Prefer us to call you? The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Before you send an international payment with PayPal, make sure you understand the costs involved. Contact Us Create a free Business Account Heres another message from one (can I say?) very cool tip thanks for that Cherry! It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. We have a Remittance Partner Recommendation. Consumer Advisory - PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. What this means is that PayPal takes the mid-market exchange rate, and adds a margin of 4% to it, to create the transaction exchange rate used for PayPal payments. Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. Dear Michael, thanks for the prompt reply! This guide is useful for a Paypal international account anywhere in the world, not just in HK. I believe the same holds true for a bank account, you need to close one account and reapply / reopen the bank account in the new country. Now its your turn to share what is your rating for Paypal Hong Kong. Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. Learn more here. What about migrating a Paypal account to HK? Youll first be guided through these to try to find the answers to your questions independently. Topup from paypal account should be no problem. Is multi-currency banking not an option? Why was I mistaken. Contributor. It is not intended to amount to advice on which you should rely. However, for your company, the PayPal exchange rate is not necessarily the most cost-effective alternative, there is a more affordable choice that allows you to do the same or even more purchase options at a lower price. Please contact us for details for now. You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. With Wise you can send and receive international payments in dozens of different currencies, using the mid-market exchange rate with no markup, and no complex fee structure to worry about. When you make a business payment overseas, there are different costs - some of which are covered by the recipient. Wed love to hear from you but please dont reply to this email. But we all know it is a necessary service. Consumer Advisory PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under License Number: SVF0008. .css-geb0bj-screenReader{position:absolute;clip:rect(1px, 1px, 1px, 1px);padding:0;border:0;width:1px;height:1px;overflow:hidden;}loading, You can message us anytime. Jul-08-2020 04:37 AM. Rarely company address information.4. There will only be a nominal fee of HKD3.5 to pay for your bill. Everyone uses it, unless you are a traditional business they are pretty stubborn to accept Paypal in retail shops in HK. How do you know if your Paypal account is actually verified? To help your company in the following ways, your PayPal business account can be used: Another advantage is that to do that you can also buy online either by individual or invoice. Thanks in advance. It is linked to Hang Seng Bank Hong Kong..all in HKD. Lets help each other out and share tips and strategies in the comments below! Find the address you want to update and click Edit. 2. Pingback: A Solution for the Hong Kong Banking Nightmare? * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. hi Jan, I dont think that Paypal exactly tells people how much you can do with various levels of verification but I would say it is fine for 5k to 10k a month. The merchant account). TNG Wallet Hong Kong: Your Ultimate Guide, Faster Payment System (FPS) Hong Kong: Your Complete Guide, Alipay Hong Kong: Everything you should know, WeChat vs Alipay HK: Which one is better for your needs? The person youre asking to send you money will receive an invoice allowing them to pay you using a card, linked bank account or their existing PayPal balance. Around 200 million people have a PayPal account. just greedy number. 1. Get the Free Email Course: Asia Business Unleashed, More on the New Updates on Paypal HK Withdraw to US Banks, Using Paypal Hong Kong as a Merchant Account, Using Paypal As Your Main Bank For Hong Kong, 2017 Update: Paypal Asking a Lot of Users to Verify Their Identity. If you have any problems with your payment, please contact PayPal customer service Open a new window. Thanks for your fast response. The fee will always be mentioned upon withdrawal. So, I hope this article on Paypal can help you! Youve already completed the following actions as part of our review: Weve received acceptable copies of the following documents or information: -> Identification document -> Proof of business address document -> Business registration certificate -> Letter of authorisation -> List of the beneficial owners and office bearers of your business -> Identification documents of the benficial owners. Just saw it in my account (see attached). Learn more and manage your cookies, Fix transaction and account related issues, Join the discussion with PayPal customers, Get help with using any of our PayPal products, Find out how PayPal works for your business. Posted on. This guide covers the pros and cons of both WeChat and AliPay, with a focus on our local versions WeChat Hong Kong and AliPay Hong Kong. Reviewing Neat Online HK Business Banking & Connect Your Paypal/Stripe - Product Reviews, Hello, thank you very much for sharing the post, it helps us a lot. While the technical ability is straight forward, it is complicated on the tax and government regulation side. Great pictures of items at bargain prices that turn out to be tat.5. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Check the costs compared to a specialist alternative like Wise, to make sure youre getting the best deal available for your international transfer. The emails will go something like this: Here at PayPal, were constantly taking steps to ensure that your experience is in line with regulatory requirements. If youre still having difficulties using your PayPal account, log in to your account and visit the Resolution Centre to find out more. USPS also informed me that there are certain tracking numbers they use that are automatically flagged as suspicious or fraudulent. - Meghan. Users in Hong Kong SAR are advised to read the terms and conditions carefully.When you visit or interact with our sites, services, applications, tools or messaging, we or our authorised service providers may use cookies, web beacons, and other similar technologies for storing information to help provide you with a better, faster and safer experience and for advertising purposes. Service youll want to update and click Edit know if paypal hong kong address PayPal account is generally free, unless you a! 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